Last week, the Iceland-based Wow Air announced that starting in March 2015, it would offer special introductory fares from Boston and Baltimore: $99 one-way flights to Reykjavik and $228 roundtrip flights to London and Copenhagen. The discount carrier is taking a page from Norwegian, which is now flying out of five U.S. cities, with more to come. (Though unlike Norwegian, it won’t include free WiFi.) As for luggage charges, expect to pay $29 for a carry-on booked online, or $48 at the airport.

And at a recent press breakfast, Lufthansa’s new CEO Karl Ulrich Garnadt announced that next month, he will be presenting a business plan for low-cost, long-haul routes to the board, with hopes of launching the first flights in November 2015.

Spending the holidays in Europe may be affordable yet.

Brooke Porter Katz is an Associate Editor at Travel + Leisure. Follow her on Twitter at @brookeporter1.